Franchimp Summary Rating
Higher than 76% of peers
Franchise Summary
Description
A Payless Franchise is a business of renting automobiles, without drivers, to the general public, for periods of 180 days or less under the Payless Trademarks.
Company Background
Payless Rent A Car's aim is to provide a convenient and inexpensive alternative to car ownership. We want you to enjoy the experience of driving a rental car without the burden of owning one. Payless has been in business since 1958, and we have grown from our first store located in Topeka, Kansas into an international company with over 1,000 stores worldwide. In 2000, we created the innovative Payless Rental Car program which offers customers access to affordable rates on quality vehicles that are professionally maintained by trained staff members at over 900 locations throughout North America.
Franchise Opportunity
Owning and operating a car rental business can be expensive and time consuming. With the cost of owning and operating a car rental business, you may find that it is difficult to break even, let alone turn a profit. Payless offers an affordable, easy-to-operate car rental franchise opportunity that can help you get your business up and running quickly and easily. With our extensive support system, you'll be able to hit the ground running and start seeing profits in no time.
Corporate Structure
Payless Car Rental System, Inc. is a Florida corporation incorporated on September 26, 2001 with a principal place of business at 6 Sylvan Way, Parsippany, NJ 07054. Payless does business under the names “Payless Car Rental,” “Payless Truck Rental,” “Payless Car Rental System,” “Payless,” and other trademarks, service marks, trade names, logos, and commercial symbols. Payless has offered franchises under the names “Payless” and “Payless Car Rental” since September 26, 2001.
Franchise Types Available
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Employee Contact Database
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Distribution of Payless Car Rental Franchisees
Payless Car Rental Franchise System Development in 2022
FAQ
How much investment do I need to start my own Payless Car Rental business?
Franchisees typically require at least $605 to $1 investment to get their Payless Car Rental business started
What are the initial franchise fees for Payless Car Rental?
Franchisees typically need to pay at least $25 in fees directly to Payless Car Rental in order to earn the right to launch their business
How much money can I make with a Payless Car Rental franchise? What are
the average revenues for a typical Payless Car Rental business?
We haven’t done the math on how much revenue a typical
Payless Car Rental brings in each year. We estimate that other
franchisees in the Auto & Travel industry generate
$1,267,503 revenue, so we would expect
Payless Car Rental to generate a similar amount
How long do I need to commit to running a Payless Car Rental unit? What
is my contractual commitment?
Payless Car Rental franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$605,500 to $1,568,400
which is
Much Higher
than the $0 to $0 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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